Colorchips New Media (BOM:540023) Receivables Turnover : 3.76 (As of Sep. 2023)

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What is Colorchips New Media Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Colorchips New Media's Revenue for the three months ended in Sep. 2023 was ₹14.16 Mil. Colorchips New Media's average Accounts Receivable for the three months ended in Sep. 2023 was ₹3.76 Mil. Hence, Colorchips New Media's Receivables Turnover for the three months ended in Sep. 2023 was 3.76.

Colorchips New Media Receivables Turnover Historical Data

The historical data trend for Colorchips New Media's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Colorchips New Media Receivables Turnover Chart

Colorchips New Media Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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13.70

9.80

8.98

1.34

3.50

Colorchips New Media Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.37	-	-	3.76	-

Competitive Comparison of Colorchips New Media's Receivables Turnover

For the Entertainment subindustry, Colorchips New Media's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Colorchips New Media's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Colorchips New Media's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Colorchips New Media's Receivables Turnover falls into.

Colorchips New Media Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Colorchips New Media's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	3.5	/ (	(0	+	1)	/	1 )
=	3.5	/	1
=	3.50

Colorchips New Media's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	14.163	/ (	(0	+	3.763)	/	1 )
=	14.163	/	3.763
=	3.76

Colorchips New Media (BOM:540023) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Colorchips New Media Receivables Turnover Related Terms

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Colorchips New Media (BOM:540023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Colorchips New Media Ltd (BOM:540023) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase 1, Kamalapuri Colony, House No. 8-3-833/85 and 85A, Plot No. 85, Hyderabad, TG, IND, 500 073

Website

https://www.colorchipsindia.com

Colorchips New Media Ltd is engaged in the media and entertainment industry. Its main focus is the production of films, domestic productions in the space of theatrical, web, TV and launching channels on new technologies. It operates on a vertically integrated studio model controlling content as well as distribution and exploitation across multiple formats globally, including cinema, digital, home entertainment and television syndication. The company generates revenue from the distribution and exhibition of film and other rights.

Colorchips New Media (BOM:540023) Headlines

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